Md. Code Ann., Corps. & Ass'ns § 5-112
Election of professional corporation status
Effective Apr 8, 1997Added by Acts 1993, c. 413, § 2. Amended by Acts 1994, c. 3, § 1, eff. Feb. 28, 1994; Acts 1997, c. 14, § 1, eff. April 8, 1997.State of Maryland
(a) A corporation may elect to be a professional corporation under this subtitle by including in the articles of incorporation a statement that:
- (1) The corporation is a professional corporation; and
- (2) The corporation's purpose is to render the professional services specified.
- (b) A corporation incorporated in the State may elect professional corporation status by amending its articles of incorporation to comply with subsection (a) of this section and §§ 5-106 through 5-108 of this subtitle.
- (c) A corporation that, prior to the effective date of this subtitle, was a duly organized professional corporation in the State shall be deemed a duly organized professional corporation under this subtitle.
Added by Acts 1993, c. 413, § 2. Amended by Acts 1994, c. 3, § 1, eff. Feb. 28, 1994; Acts 1997, c. 14, § 1, eff. April 8, 1997.